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May 17, 2014
05/14
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. >> i was in beijing last month and that is what everybody is waiting for. i think the other piece of this is the corruption campaign has its limits. you heard recently that the former president sent the message to the president saying let's not get -- let's not go overboard. --why he's he wanting that why is he wanting that? >> that demonstrates that nobody is immune. he was as strong as dick cheney was in his day. >> that nobody is immune. >> that means if you another official, that makes you uncomfortable. that breaks the rules of the game. what they are doing by going after him is to say everybody is fair game. it is basically establishing that he is going to push this campaign as far as he wanted to go. senior leaders have a reason not to want this to become full-scale intraparty workfare. that would be disastrous. study aboutto the his family and how much he made while he was premier. anything happen to him because of all the press? >> he left office and he is a private citizen. it tends to be that china's political culture is that after you leave offi
. >> i was in beijing last month and that is what everybody is waiting for. i think the other piece of this is the corruption campaign has its limits. you heard recently that the former president sent the message to the president saying let's not get -- let's not go overboard. --why he's he wanting that why is he wanting that? >> that demonstrates that nobody is immune. he was as strong as dick cheney was in his day. >> that nobody is immune. >> that means if you another...
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May 18, 2014
05/14
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about 30 in beijing. you have to let folks in china and we are working with the people in china. >> people told me that the president of china said he has three things he has to do. one, yet to clean up the air. two, he has to clean up corruption and three, he asked the economy on a sustainable footing by turning it from a exporting economy to a demand economy. >> that is consistent with everything i know from the folks in beijing. the people and the government are serious and taking strong measures to clean up the air. i would not bet against them. when they set out to do something, the chinese government, they tend to get it done. >> because it is not a democracy? >> they meet their goals in a five-year year plan and is set -- a five-year plan and they set some strong goals. i think they tie that to the survivability of the party. >> it is a political system. as increasing number of americans want environmental cleanup, 85% of people under 30 want -- >> what is the problem? articulate the problem. >> i
about 30 in beijing. you have to let folks in china and we are working with the people in china. >> people told me that the president of china said he has three things he has to do. one, yet to clean up the air. two, he has to clean up corruption and three, he asked the economy on a sustainable footing by turning it from a exporting economy to a demand economy. >> that is consistent with everything i know from the folks in beijing. the people and the government are serious and...
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May 15, 2014
05/14
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we now turn to a big story out of beijing. the chinese smartphone maker is releasing a tablet in china where the company escalate competition with apple and samsung. inchew fat will have a 7.9 screen like apple's ipad mini and will use google android software. the china correspondent stephen engle joins us now from beijing. i know the ceo always gets a rockstar welcome, like steve jobs got at apple conferences. what was the reaction in the room when he came on days and unveiled this? the morning. you can imagine the kind of reception he got. it is funny to call this a classic event for a company that is only watch oh years old. -- the faithful were there in full force as usual. packing the convention center hall the on capacity, heering every product launch made, a new hdtv, a new router, and the big five is a new meet had. the tablet takes on apple pricely at about half the there you mentioned steve jobs. he hates to be compared to steve jobs, but he is clearly taking a page from apple in leveraging its growing phone user bas
we now turn to a big story out of beijing. the chinese smartphone maker is releasing a tablet in china where the company escalate competition with apple and samsung. inchew fat will have a 7.9 screen like apple's ipad mini and will use google android software. the china correspondent stephen engle joins us now from beijing. i know the ceo always gets a rockstar welcome, like steve jobs got at apple conferences. what was the reaction in the room when he came on days and unveiled this? the...
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May 19, 2014
05/14
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you have beijing and shanghai. cities.f 70 just to go over what is contributing to the property slump that you see, a supply and demand issue. providing more steep discounts to during homebuyers. it is interesting. they were trying to encourage lenders to extend more mortgages. that there saying market is on a break. >> that is what they say. i have that on the board. re-accelerates to credit growth. know whichlicymakers lever to pull. they know which one to pull. the question is, when are they going to pull it and how much are they went to pull it by. >> thank you very much. we will tell you what we have on the way. the new government. our next good says that the economy will have a slow process. > >> the main benchmark is one of the best-performing. of ait may be the start longer gold rush. we will speak to find out who will drive the next phase of growth. >> here is a look at the markets across asia. have the region index. had thewhat we have moment. trainingtures started -- trading. look.e a up.it may be it may
you have beijing and shanghai. cities.f 70 just to go over what is contributing to the property slump that you see, a supply and demand issue. providing more steep discounts to during homebuyers. it is interesting. they were trying to encourage lenders to extend more mortgages. that there saying market is on a break. >> that is what they say. i have that on the board. re-accelerates to credit growth. know whichlicymakers lever to pull. they know which one to pull. the question is, when...
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May 5, 2014
05/14
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take the opportunity to thank china, especially in our dealings and engagements with the families in beijing. ,s we move on to the new phase what was discussed to this morning is very structured, very focused. i believe that we are on the right track. meeting carries a sense of urgency. between theard three nations especially gives an opportunity for other nations , institutes, research institutes and third parties to come on board this unprecedented search. what we have decided today i believe is very important because we are now moving to a new phase. but it also gives an opportunity for those who were not involved with us in the early phase and on thiso come on board particular exercise which needs to be done. >> he has been on the forefront of the malaysian attempts as the acting transport minister. what is happening so far. mh 370, there has been no sign of it since he disappeared nearly two months ago. to coordination is moving the aussie capital. >> the ongoing headlines from that conference as we get them. we are coming down to the opening sessions in mumbai. futures currently tradin
take the opportunity to thank china, especially in our dealings and engagements with the families in beijing. ,s we move on to the new phase what was discussed to this morning is very structured, very focused. i believe that we are on the right track. meeting carries a sense of urgency. between theard three nations especially gives an opportunity for other nations , institutes, research institutes and third parties to come on board this unprecedented search. what we have decided today i believe...
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May 19, 2014
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beijing has evacuated thousands of its citizens following violent protests about a rig. two chinese people confirmed dead. there have been direct clashes that see. let's just talk about what exactly happened. is there any hope that this can be resolved peacefully? >> the standoff at sea is still very tense these days. four hours by boat just to get to that area. once you do, it is surprising to see so many boats out on the horizon. i was on the vietnamese coast for three days and we were chased i larger chinese boats on each of those days. chinese and the enemy's ships have been locked in a tense can mouse chase about 140 miles off of vietnam's coast since china hauled in this billion dollar expiration rig earlier this month. both countries claim territorial rights to these waters. both sides have called and boats to the area. chases are common. [sirens] this crash occurred last week as a boat got close to the rig. there was minimal damage but no one aboard was hurt. the chinese government said that boats have been rammed while legally protecting the rig's operation. a r
beijing has evacuated thousands of its citizens following violent protests about a rig. two chinese people confirmed dead. there have been direct clashes that see. let's just talk about what exactly happened. is there any hope that this can be resolved peacefully? >> the standoff at sea is still very tense these days. four hours by boat just to get to that area. once you do, it is surprising to see so many boats out on the horizon. i was on the vietnamese coast for three days and we were...
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May 15, 2014
05/14
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outurn out to a big story of beijing. chinese smartphone maker xiaomi is releasing a tablet next month as it escalates its competition with apple and samsung. it will have a seven-inch screen like apple's ipad mini and will use google's android software. i know the ceo of xiaomi always gets a rockstar welcome, sort of like steve jobs got at apple conferences. what was the reaction in the room when he came on stage and unveiled this? >> good morning to you. you can imagine the kind of reception he got. it's kind of odd to call this a classic xiaomi event for a company that is only four years old, but it was. beijing hall was packed , filled withty cheers for every new product new tv, a new router, and the big product was mi pad. he hates to be compared to steve jobs, but you know what? xiaomi is clearly taking a page from apple in leveraging its growing own user base to sell tablets. already, it sells more phones in china than apple. it has risen to number three, apple is number four. i caught up to the man who is in charg
outurn out to a big story of beijing. chinese smartphone maker xiaomi is releasing a tablet next month as it escalates its competition with apple and samsung. it will have a seven-inch screen like apple's ipad mini and will use google's android software. i know the ceo of xiaomi always gets a rockstar welcome, sort of like steve jobs got at apple conferences. what was the reaction in the room when he came on stage and unveiled this? >> good morning to you. you can imagine the kind of...
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May 28, 2014
05/14
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on hacking charges, what might that have on bilateral relations, including trade in washington and beijing? >> it is an important question. there could be several impact here the first and more important point to make is that, while it is an immediate death in relations causing immediate ties, thebilateral expected july meeting in economic dialogue, the highest we have with china, will go on as scheduled in july in beijing. the bigger concern here is really china's use of intelligence services to help the private sector gain commercial advantage over the u.s. and other trading is area that is an intolerable situation. takingto the right wing aggressive action in response to it. a sickness in difference between companies using economic espionage against one another, the one hand, on the other hand, china is using intelligence gain the upperp hand in commercial markets. that has hurt the administration so much. qwest i have to ask about the new leadership in india. he was sworn in as prime minister yesterday, once are from entering the u.s.. he will have to tease trade disputes with the u.s.
on hacking charges, what might that have on bilateral relations, including trade in washington and beijing? >> it is an important question. there could be several impact here the first and more important point to make is that, while it is an immediate death in relations causing immediate ties, thebilateral expected july meeting in economic dialogue, the highest we have with china, will go on as scheduled in july in beijing. the bigger concern here is really china's use of intelligence...
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May 18, 2014
05/14
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how beijing may manage of the housing cool down. it appears to really be across the board. >> beijing has spent the past five years trying to prevent prices by increasing too much. now they are sensing the labor almost to the negative. it could contribute to a further slowdown of the chinese economy. you saw home prices rise in april and 40 or out of the 37. by comparison, if you look at the month of march, it was six cities. taking a look at the two big cities. prices in the beijing rose compared to the large in shanghai. they were falling from a month earlier. we all than -- we often talk about this on the program. you see developers coming in. they're offering this. they want to lower more homebuyers to market. you are seeing less construction. there's no incentive to build new contracts. this is being extended. how they wantg on to put more pressure on lenders to break celebrate these mortgages. it goes back to creating more demand. connected, specifically if you look at how the government is reacting. >> it is counterintuitive.
how beijing may manage of the housing cool down. it appears to really be across the board. >> beijing has spent the past five years trying to prevent prices by increasing too much. now they are sensing the labor almost to the negative. it could contribute to a further slowdown of the chinese economy. you saw home prices rise in april and 40 or out of the 37. by comparison, if you look at the month of march, it was six cities. taking a look at the two big cities. prices in the beijing rose...
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May 26, 2014
05/14
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all this follows after the beijing government essentially allowed for game consoles to be distributed within the chinese economy. 2000 and banned and that was lifted this past january. console makers are eager to get into this market. they could focus on growing sales and to broaden their market share. according to an estimate from price waterhouse cooper, $10 billion in sales is the estimate in terms of the figure at the end of 2015. right now, pc games, those that , thatayed on the computer is about two thirds of the market share. this could be the big game changer. sony also doing what microsoft did which is partnering with a local partner. they will be completing two ventures with shanghai oriental pearl to start making as well as selling. unclear on how much it is going to cost, what specific console will be distributed, and also the actual timing. again, both of these competitors perhaps sometime in the fall is what we are hearing. >> many thanks indeed. >> looking ahead, we are going to take a look at the growing influence and affluence of china's middle class and what this mea
all this follows after the beijing government essentially allowed for game consoles to be distributed within the chinese economy. 2000 and banned and that was lifted this past january. console makers are eager to get into this market. they could focus on growing sales and to broaden their market share. according to an estimate from price waterhouse cooper, $10 billion in sales is the estimate in terms of the figure at the end of 2015. right now, pc games, those that , thatayed on the computer...
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May 26, 2014
05/14
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stephen engle, bloomberg, in beijing. >> very impressive. after the break, betting on china's growing appetite for imported seafood to boost profits. as part of our global outlook when "on the move" returns. ♪ >> you're watching "on the move" coming to live from hong kong and streaming online at bloomberg.com. china's burgeoning middle caste is eating more western food and drinking more important one than ever before. mia saini pixel look in today's global outlook. classthe chinese middle gets richer, their desire for the finer things, jewelry, gold, western foods, that is intensifying. the country's per capita gdp is expected to rise, in fact a blame by 2020. in absolute terms, we mean that china already has the world's largest middle class. that is defined by the world bank, meaning that they can $10 and $100 per day. that falls in this category that still lags behind brazil and south korea at similar stages of economic development. china's urban middle class is forecast to grow to more than 75% of the population. that is by 2020, compar
stephen engle, bloomberg, in beijing. >> very impressive. after the break, betting on china's growing appetite for imported seafood to boost profits. as part of our global outlook when "on the move" returns. ♪ >> you're watching "on the move" coming to live from hong kong and streaming online at bloomberg.com. china's burgeoning middle caste is eating more western food and drinking more important one than ever before. mia saini pixel look in today's global...
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May 16, 2014
05/14
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this is sounding the alarm bells in places like beijing as well as seoul. tokyo says we are not looking for work. we are seeking a reinterpretation of our constitution. this according to prime minister shinzo abe who went on television appealing to japanese citizens to support these measures. he wants to aaa constitute -- to strip away constitutional restrictions on japan's armed forces. to support the united states if it is attacked, to clear mines in shipping lanes and to deal with illegal activities forcefully near remote islands. that of course is raising alarm bells in some capitals around the region, specifically beijing. japan embroiled in territorial disputes. it has to do with the east china islands upe see the for dispute. these are very complex regional issues. lingering tensions, remnants of the world war. japan it appears wants to have a firmer military posture. the foreign ministry in beijing reacting, saying the international community must maintain high alert on japan's intentions. we have seen cautious reaction and theicials in seoul china
this is sounding the alarm bells in places like beijing as well as seoul. tokyo says we are not looking for work. we are seeking a reinterpretation of our constitution. this according to prime minister shinzo abe who went on television appealing to japanese citizens to support these measures. he wants to aaa constitute -- to strip away constitutional restrictions on japan's armed forces. to support the united states if it is attacked, to clear mines in shipping lanes and to deal with illegal...
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May 22, 2014
05/14
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what is the message we will see from beijing? >> the message will be, number one, focus on the structural transformation from manufacturing to services, from exports to consumption. number two, focus on a more disciplined approach to limiting reforms. they are putting in place a new system of governance right now. has aing up, best buy struggling first-quarter. it is "bloomberg surveillance >> good morning. this is "bloomberg surveillance ." i am tom keene. with me, scarlet fu and adam johnson. here is adam johnson. >> we will start in western china, where a series of explosions in a market killed 31 people and wounded 90. china has blamed uyghur separatists for similar attacks in the xinjiang region. in ukraine, per russian militants attacked ukrainians at a military checkpoint. witnesses say about 30 ukrainian troops were wounded. in thailand -- yes, we are completely international here -- the military has staged a coup. thai army chief took control of the government pulled up the army declared martial law 2 days ago. thailand
what is the message we will see from beijing? >> the message will be, number one, focus on the structural transformation from manufacturing to services, from exports to consumption. number two, focus on a more disciplined approach to limiting reforms. they are putting in place a new system of governance right now. has aing up, best buy struggling first-quarter. it is "bloomberg surveillance >> good morning. this is "bloomberg surveillance ." i am tom keene. with me,...
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May 11, 2014
05/14
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stephen engle joins us from beijing with a closer look. good morning. you spoke exclusively at so who -- sohu's chairman. >> he is one of the pioneers here. he is repositioning the company that he started many years ago. it originally was a search or till into what some say is sort and bynetflix legitimizing copyrighted content distribution he has taken on the jairus he by paying for popular licensed conflict to win advertisers and also win over more paying users, more affluent users willing to pay for this content to stream it online. eyebrows were raised last month when authorities ordered the most popular shows, including "the big bang theory" which is the most popular show here in like, three other shows the good wife, order taken down without explanation. iseaming u.s. content online in a gray area of chinese regulation and regulators are reacting in an inconsistent manner. >> i think they are quite new to the internet. now it becomes ministry dominant. there are old habits and managing. think they are more careful. they are more centrally located.
stephen engle joins us from beijing with a closer look. good morning. you spoke exclusively at so who -- sohu's chairman. >> he is one of the pioneers here. he is repositioning the company that he started many years ago. it originally was a search or till into what some say is sort and bynetflix legitimizing copyrighted content distribution he has taken on the jairus he by paying for popular licensed conflict to win advertisers and also win over more paying users, more affluent users...
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May 20, 2014
05/14
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stephen engle is in beijing to tell us what is topping the agenda. has thenathan ferro details on the guilty plea by credit suisse with u.s. authorities. .acktrack top story in an exclusive interview with bloomberg television, russia's prime minister dmitry medvedev sat down with ryan chilcote to talk about everything from the ongoing conflict in ukraine, the impact of sanctions, and russia's relationship with the united states. ryan chilcote joins us from moscow with the details area brian. >> high, anna. this was the prime minister's first interview in four months. we spent a good amount of time talking about sanctions. the prime minister is saying that the u.s. has called. this reminded him of leonid brezhnev's rule of the soviet union, saying that it was not since then that he has seen such a politicization of trade ties between russia and the united states. ,s for the personal sanctions some russian politician said that is something that didn't even happen in the darkest hours of the cuban missile crisis. have a listen. russian prime minister dm
stephen engle is in beijing to tell us what is topping the agenda. has thenathan ferro details on the guilty plea by credit suisse with u.s. authorities. .acktrack top story in an exclusive interview with bloomberg television, russia's prime minister dmitry medvedev sat down with ryan chilcote to talk about everything from the ongoing conflict in ukraine, the impact of sanctions, and russia's relationship with the united states. ryan chilcote joins us from moscow with the details area brian....
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May 25, 2014
05/14
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bloomberg, beijing. >> nice shot. manchester united a wine is part of selection and hong kong. they raised $3.8 million. are on the bottles t-shirts to capitalize on the popularity. unitedd manchester before retiring. stay in touch with us hear it for all of these stories, this is even easier than staying in touch. you can follow me. next, protesters decide this. the latest on that. ♪ a beautiful start to the week. right and clear skies here in hong kong. we're 30 minutes away from trading. mobile and online, you are watching "first up." royal approval. the king supports thailand 's oup. as top liking is seen ukraine's new president. the drug industry's biggest ever deal makes sales. soon. could make it greg petro has claimed the three and the election with exit polls show him winning in the first round with 55% of work. economy minister in previous administration. was about 60%.t he says he wants early talks with russia. let's get the latest in the election right now. we are joined now on the line from kiev. enqueue so much for joining us. what does this mean for the ukraine
bloomberg, beijing. >> nice shot. manchester united a wine is part of selection and hong kong. they raised $3.8 million. are on the bottles t-shirts to capitalize on the popularity. unitedd manchester before retiring. stay in touch with us hear it for all of these stories, this is even easier than staying in touch. you can follow me. next, protesters decide this. the latest on that. ♪ a beautiful start to the week. right and clear skies here in hong kong. we're 30 minutes away from...
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May 29, 2014
05/14
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desiresship in beijing a more assertive regional policy. america pivots into change. jamie is a senior fellow at the asia society and one of the most acute voices. what do you hear now? >> a big shift in their interaction with original members and also the united states and the world. they're undergoing a fundamental change. very firmly in control with china focused on internal reforms, which are destabilizing. they're being very aggressive in tehe region. they're really trying to push the united states out of the say i'm acific to what are you going to support your allies? they're picking points of contention where they know that we will not rush in militarily. how poor our, intelligence was on russia. do we really know the chinese military might -- any idea of whtat the military is? >> we could learn more. we know a lot about with their capabilities are. they're building a military designed to counter us. and they are moving aggressively, knowing that we have a lot to lose. we will not ramp-up our response militarily. we will try all of these other tools. hard power
desiresship in beijing a more assertive regional policy. america pivots into change. jamie is a senior fellow at the asia society and one of the most acute voices. what do you hear now? >> a big shift in their interaction with original members and also the united states and the world. they're undergoing a fundamental change. very firmly in control with china focused on internal reforms, which are destabilizing. they're being very aggressive in tehe region. they're really trying to push...